MSCI ACWI IMI REIT (USD)

Transcription

MSCI ACWI IMI REIT (USD)
MSCI ACWI IMI REIT
(USD)
The MSCI ACWI IMI (Investable Market Index) REIT is a free float-adjusted market capitalization index that
captures large, mid and small cap representation across 23 Developed and 23 Emerging Markets countries*,
which generate a majority of their revenue and income from real estate rental and leasing operations. With
362 constituents, it represents about 99% of the global equity REIT universe and all securities are classified
in the REIT sector according to the Global Industry Classification Standard (GICS®).
Cumulative Index Performance — Net Returns (May 2007 – Sep 2014) — USD
Annual Performance (%)
Year
MSCI ACWI IMI REIT
MSCI ACWI IMI
MSCI ACWI
IMI REIT
MSCI ACWI IMI
1.36
22.44
0.51
22.05
30.47
-44.59
23.55
16.38
-7.89
14.35
36.41
-42.34
2013
2012
150
2011
2010
123.63
100
2009
2008
99.97
50
0
May 07
Jan 08
Aug 08
Mar 09
Nov 09
Jun 10
Jan 11
Sep 11
Apr 12
Nov 12
Jul 13
Feb 14
Sep 14
Index Performance — Net Returns (%) (September 30, 2014)
Fundamentals (September 30, 2014)
Annualized
MSCI ACWI IMI REIT
MSCI ACWI IMI
1 Mo
3 Mo
-6.14
-3.55
-3.63
-2.83
1 Yr
YTD
3 Yr
5 Yr
10 Yr
9.97 10.83 14.45 12.01
10.70 3.22 16.74 10.32
na
na
Since
Div Yld (%)
P/E
P/E Fwd
P/BV
-0.00
2.93
4.47
2.42
31.42
17.83
25.45
14.40
1.64
2.02
May 31, 2007
Index Risk and Return Characteristics (September 30, 2014)
Annualized Std Dev (%)2
Turnover
(%)1
MSCI ACWI IMI REIT
MSCI ACWI IMI
1
7.41
2.92
Sharpe Ratio2,3
Maximum Drawdown
Since
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
May 31,
2007
(%)
Period YYYY-MM-DD
13.51
12.26
15.12
14.82
na
na
1.06
1.31
0.81
0.72
na
na
0.08
0.20
71.42
58.59
2007-06-04—2009-03-09
2007-10-31—2009-03-09
Last 12 months
2
Based on monthly net returns data
3
Based on BBA LIBOR 1M
* DM countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain,
Sweden, Switzerland, the UK and the US. EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines,
Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
The MSCI ACWI IMI REIT was launched on Jun 05, 2007. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time period had the index
existed). There are frequently material differences between back-tested performance and actual results. Past performance -- whether actual or back-tested -- is no indication or guarantee of future
performance.
MSCI ACWI IMI REIT
September 30, 2014
Index Characteristics
Top 10 Constituents
MSCI ACWI IMI REIT
Number of
Constituents
Country
362
Mkt Cap
(USD Millions)
Index
Largest
Smallest
Average
Median
US
US
US
FR
US
US
US
US
US
US
SIMON PROPERTY GROUP
AMERICAN TOWER CORP
CROWN CASTLE INT'L CORP
UNIBAIL-RODAMCO
PUBLIC STORAGE
EQUITY RESIDENTIAL
HEALTH CARE REIT
PROLOGIS
AVALONBAY COMMUNITIES
VENTAS
Total
1,108,704.59
51,077.24
84.91
3,062.72
1,375.27
Sub-Industry Weights
Mkt Cap
(USD Billions)
51.08
37.05
26.88
25.11
24.32
21.13
20.20
18.84
18.27
18.23
261.11
Index
Sector
Wt. (%)
Wt. (%)
4.61
3.34
2.42
2.26
2.19
1.91
1.82
1.70
1.65
1.64
23.55
4.6
3.3
2.4
2.3
2.2
1.9
1.8
1.7
1.6
1.6
Country Weights
9.95%
7.27%
12.33%
6.72%
6.84%
5.47%
5.24%
5.43%
3.62%
4.72%
10.78%
12.85%
25.36%
16.61%
66.8%
Retail REIT's 25.36%
Diversified REIT's 16.61%
Specialized REIT's 12.85%
United States 66.8%
Office REIT's 12.33%
Residential REIT's 9.95%
Health Care REITs 7.27%
France 3.62%
Industrial REIT's 5.47%
Mortgage REIT's 5.43%
Australia 6.84%
Japan 6.72%
United Kingdom 5.24%
Other 10.78%
Hotel & Resort REITs 4.72%
Index Methodology
The index is based on the MSCI Global Investable Indexes (GIMI) Methodology—a comprehensive and consistent approach to index construction that
allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This
methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and
replicability. The index is reviewed quarterly—in February, May, August and November—with the objective of reflecting change in the underlying equity
markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and
the large, mid and small capitalization cutoff points are recalculated.
www.msci.com | [email protected]
About MSCI
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indexes, portfolio risk and performance analytics,
and ESG data and research.
1
The company's flagship product offerings are: the MSCI indexes with approximately USD 9 trillion estimated to be benchmarked to them on a worldwide basis ; Barra multi-asset class factor models, portfolio risk and performance analytics;
RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indexes and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; and FEA valuation models and risk
management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world.
1
As of March 31, 2014, as reported on June 25, 2014 by eVestment, Lipper and Bloomberg.
The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or correct other data, to create indexes, risk
models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of
any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading
strategy. Further, none of the Information or any MSCI index is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is
provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS
OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH
MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO
THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL
(INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
© 2014 MSCI Inc. All rights reserved.